BNY Mellon Municipal Income, Inc. (NYSE:DMF) Plans $0.02 Monthly Dividend

BNY Mellon Municipal Income, Inc. (NYSE:DMF) announced a monthly dividend on Monday, December 30th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.019 per share on Friday, January 31st. This represents a $0.23 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Wednesday, January 15th.

BNY Mellon Municipal Income has decreased its dividend by an average of 18.1% per year over the last three years.

BNY Mellon Municipal Income Trading Up 0.1 %

DMF traded up $0.01 on Tuesday, hitting $7.10. 40,606 shares of the stock were exchanged, compared to its average volume of 60,383. BNY Mellon Municipal Income has a 12 month low of $6.40 and a 12 month high of $7.52. The business has a 50-day moving average of $7.23 and a two-hundred day moving average of $7.25.

About BNY Mellon Municipal Income

BNY Mellon Municipal Income, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations that are rated investment grade and have maturities of less than one year.